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Russian court extends custody of Baring Vostok’s Calvey until April

MOSCOW (Reuters) – A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia’s biggest private equity firms accused of fraud, to be kept in custody until April 13. Founder of the Baring Vostok private equity Read more ›

Short seller Andrew Left appeals HK market manipulation ruling

HONG KONG(Reuters) – A Hong Kong court on Wednesday heard an appeal from short seller Andrew Left that sought to overturn a five-year ban from the city’s financial markets and a fine for market manipulation. FILE PHOTO: Andrew Left, the Read more ›

Nissan top exec Munoz resigns amid broadened Ghosn probe

(Reuters) – One of Nissan Motor Co’s (7201.T) top executives has resigned, further rattling the Japanese automaker’s management team as it broadens an investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct. FILE PHOTO: Jose Munoz, Chairman of Nissan North Read more ›

Brazil’s police to probe incoming Economy Minister Guedes: report

FILE PHOTO: Economist Paulo Guedes, future economy minister of Brazil’s President-elect Jair Bolsonaro arrives for a meeting in Brasilia, Brazil November 20, 2018. REUTERS/Adriano Machado SAO PAULO (Reuters) – Brazil’s federal police opened an investigation into incoming Economy Minister Paulo Read more ›

Nigeria’s Buhari launches re-election bid with corruption still in focus

ABUJA, Nov 18 (Reuters) – Nigerian President Muhammadu Buhari launched his manifesto on Sunday, hoping his anti-corruption agenda can win him a second term at a Feb. 16 election. Buhari, a military ruler in the early 1980s, in 2015 became Read more ›

Britain to probe £4.1 billion ‘rip-off’ of telecoms, financial customers

LONDON (Reuters) – Telecoms and financial services companies face an investigation by Britain’s competition regulator after consumer body Citizens Advice complained that customers who do not switch providers were being “ripped off” . A businessman talks on his mobile phone Read more ›

Musk to resign as Tesla chairman, remain as CEO in SEC settlement

WASHINGTON/SAN FRANCISCO (Reuters) – Tesla Inc and Elon Musk have agreed to pay $20 million each to financial regulators and the billionaire will step down as the company’s chairman but remain as chief executive, under a settlement that caps a Read more ›

Tesla, Musk pay $40 million to settle Tweet charges, Musk to resign as chairman

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Saturday that car-maker Tesla and Chief Executive Elon Musk had agreed to pay $20 million each under a settlement that will also see the billionaire step down as chairman Read more ›

SEC sues Musk for fraud, seek to remove him from Tesla

NEW YORK/SAN FRANCISCO (Reuters) – The U.S. Securities and Exchange Commission on Thursday accused Tesla Inc (TSLA.O) Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he Read more ›

U.S. Justice Department probes Musk statement on taking Tesla private

(Reuters) – Tesla Inc said on Tuesday the U.S. Department of Justice was investigating Chief Executive Elon Musk’s public statements in August that he was considering taking the electric carmaker private, the latest and biggest threat to Musk and his Read more ›